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Hearing Aid Clinics in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hearing Aid Clinics Market Research Report | Life Sciences | Healthcare Services | Jul 2014

Loud and clear: An aging population and greater healthcare access will ring in demand

IBISWorld’s Hearing Aid Clinics market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Amplifon USA Amplifon USA market share
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 09-14
3.4%
Annual Growth 14-19
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Profit
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Employment
12,796
Businesses
6,221
Industry Analysis & Industry Trends

The Hearing Aid Clinics industry has contracted slightly during the past five years as declines in insurance coverage and consumer income combined with rising hearing aid prices. During the next five years, however, the industry is expected to improve, largely due to the implementation of the Patient Protection and Affordable Care Act. In addition, the number of individuals suffering from hearing deficiencies is expected to remain high as a result of the diabetes epidemic, the rising use of mobile music devices and an aging US population.... purchase to read more

Industry Report - Industry Analysis Chapter

The Hearing Aid Clinics industry has heard good news during the past five years. Following a multiyear drop in demand as consumer incomes declined and the number of individuals with private health insurance fell during the recession, the industry has rebounded on account of beneficial demographic trends, the expansion of private healthcare coverage and ultimately, the improving economy. As a result, IBISWorld expects the industry to grow at an average annual rate of 3.4% to $2.7 billion during the five years to 2014. In 2014 alone, industry revenue is forecast to climb 5.6%, attributable to the implementation of the Patient Protection and Affordable Care Act of 2009 (PPACA), which will greatly expand the number of people with private health insurance... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hearing Aid Clinics Industry?

This industry retails hearing aids for consumers of all demographics and ages. Industry operators also frequently provide hearing tests and consultation services within the store.

Industry Products
Analog hearing aidsDigital hearing aidsBatteries and accessories
 
Industry Activities
Selling hearing aid devicesProviding audiology examinationsProviding hearing consultation services


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